Last updated on: September 21st, 2022
Sportsbooks With The Fastest Payouts
Though sports betting sites offer various withdrawal options, many bettors are specifically interested in the fastest sportsbook payouts. When you join an online sportsbook, your purpose is to have fun and also start winning on sports bets. Once you start earning cash, it only makes sense to want to receive your winnings within a reasonable timeframe. In the past, players would have to sacrifice delivery speed for reasonable banking limits and vice versa. Now, online sportsbooks offer payout methods that are both fast and have higher withdrawal limits.
The fastest payout options will differ depending on the online sportsbook that you use. Furthermore, the methods will have varying minimums, maximums, withdrawal fees, and processing windows. Though US players will not have quite as many options as bettors from other countries, you will still be able to find speedy methods to meet your needs for legal sports betting. If you are looking for where to find the fastest sportsbook payouts, you have come to the right place. Here, you can take a closer look at some of the payout options you might come across and also find out which sportsbooks offer the fastest payouts.
Top Sports Betting Sites for Fast Payouts
Types Of Fast Sportsbook Payouts
Online sportsbooks deliver payouts in two basic formats – electronically or via mail delivery. Generally, the fastest sportsbook payouts in 2022 will be those processed and sent online. There is no wait for physical cash or checks to be drawn, and no trips to the bank are necessary. More traditional methods may take about a week to be delivered (bank wire, money order), but this is still relatively fast compared to methods that take two weeks or more (like courier checks). Most legal sports betting sites will have a processing window of up to 72 hours, with payout requests being accepted throughout the week.
Bitcoin to Cryptocurrency Payout Options
Bitcoin is the fastest sportsbook payout method offered by most online sportsbooks generally speaking. There are plenty of legal bitcoin sportsbooks available to US players so that they can bet on their favorite NFL, NBA, or MLB games using cryptocurrency. The digital currency is sent from the cashier straight to your Bitcoin wallet’s address. The limits are among the highest of all payout methods, with most sportsbooks allowing anywhere from $20 to $25,000 to be withdrawn. No matter how much you request, your funds are sent quickly and are 100% guaranteed to be delivered. You can receive your BTC payout in as little as 2 hours!
One of the other major perks of using Bitcoin is that there are never any fees when requesting a payout in cryptocurrency. Just make sure that you also deposit your money with Bitcoin. Most sportsbooks will only allow you to withdraw in Bitcoin if you have used the cryptocurrency as your deposit method. (Most sportsbooks now also support Bitcoin Cash, and some even accept Litecoin, Ethereum, DASH, Zelle, and others. However, all of these crypto options carry the same high limits, process within hours, and come with no added fees.)
|Cryptocurrency:||Bovada Min/Max Payouts:||BetOnline Min/Max Payouts:||MyBookie Min/Max Payouts:|
|Bitcoin Cash||$10/No Limit||$20/$100,000||N/A|
Prepaid gift cards are not offered by all online sportsbooks as a valid withdrawal method (as books prefer to use crypto whenever they can), but you will see it at select books. As credit cards cannot be used for payouts, prepaid cards are sometimes the best alternative. Oftentimes, an online sportsbook will provide their own prepaid card that can be reloaded as needed, or the cashier will work with select card issuers to offer other options. In either instance, the funds are sent directly to your card, which can then be used at ATMs and other locations. Prepaid card payouts are processed within 72 hours on average.
Person To Person
Person-to-person payout methods allow one player to transfer some of their winnings directly to another player, usually with no additional fees. Popular person-to-person money services include Western Union, MoneyGram, RIA, and even one literally called Person-to-Person. These transfers can take up to five days to process, although they usually process in two to three. Minimum and maximum withdrawals tend to be roughly equal to other payout methods, although this varies depending on which sportsbook you use. You can also use person-to-person to have a sportsbook send your account funds to you through a participating retailer like Walmart, where you can withdraw said winnings in cash. For bettors unfamiliar or uncomfortable with Bitcoin, person-to-person withdrawal makes a good deal of sense.
Check By Courier
The alternative to all of these fancy electronic payout methods is the standard check by courier sent through snail mail. This is a physical check addressed to the bettor that is sent through the mail from the sportsbook. Sometimes, the old way can be the best way of doing things, but that is not true in this case. Payouts via check by courier can sometimes take as long as 15 business days or three weeks to arrive. There is also the added worry of the check getting lost in the mail, or destroyed before you have the opportunity to cash it. When compared to other payouts like Bitcoin, check by courier is significantly slower, more complicated, and inefficient. Check by courier payouts should only be used if none of the other options are viable whatsoever.
MatchPay is a service that makes requesting legal sportsbook payouts simple, for any bettor that has a P2P service account. This method is offered at Bovada Sportsbooks and connects two bettors and allows them to buy each other’s bankroll betting credits. For example, if one bettor was trying to withdraw, they would find somebody on the MatchPay site that wanted to deposit. The two bettors would agree on an amount, and the bettor wanting to deposit with send their own money through the P2P service to the fellow Bovada player. After this money has been transferred and processed, Bovada will transfer the actual betting credits between the two accounts. Withdrawing with this method has a $20 minimum and $1,000 maximum. This service can be used with the P2P platforms below:
- Cash App
- Apple Pay
The best part about betting on the NFL at Bovada is the fast payout options available. Betting fans love to win and quickly collect their winnings so Bovada is the perfect sportsbook for this. Bovada accepts and pays out in Bitcoin which is among the fastest method of cashing your gambling winnings. Bovada also offers payment in bank wire transfers, e-checks, bank checks, and money orders; all of which have varying withdrawal speeds. Bovada is a reputable sportsbook that has built its reputation on paying out players quickly.
- Live Betting
- Big Bonuses
- Easy To Use
- Mobile Betting
- Best Odds
BetOnline is known as one of the quickest online sportsbooks when it comes to requesting a payout. They have tons of different options when doing so that include different forms of cryptocurrency. A total of 12 different forms of crypto can be used to withdraw including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Stellar, and many more. All of these methods can be paid out on the same day that the payout is requested.
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
Using SportsBetting to bet on sports has never been easier as you can use them from anywhere you may be and take care of all your banking needs right from your mobile device. That includes getting paid out as you can request payouts from SportsBetting right from your phone which makes it easier to track and manage your funds which are moving from different accounts. They also offer affordable payout options that do not require high fees at all.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
Fastest Sportsbook Payouts FAQs
What Payout Method Is The Fastest?
It will definitely have to be cryptocurrencies such as Bitcoin. Some of our recommended online offshore sportsbooks such as SportsBetting accept other cryptocurrencies such as Bitcoin Cash, DASH, Ethereum, Litecoin, and Ripple. Using cryptos allows you to receive your winnings faster than most other withdrawal methods and they do not typically come with fees. You can receive your winnings within 24 hours which is much faster than most other withdrawal methods.
Which Payout Methods Allows Me To Withdraw The Most Cash?
If you are a high roller and you are looking to withdraw thousands of dollars at a time, then using a bank wire might be your choice. Bank wire transfers allow you to withdraw over $25,000 at a time, making it one of the most useful withdrawal methods for high rollers and sharps alike. But using a bank wire can take a long time. Bank wires usually process around 15 business days. In that case, your next bet will have to be cryptocurrencies such as Bitcoin. Typically, cryptos have a maximum withdrawal limit of $10,000. Although that is not as much as bank wire, it is much faster because it usually processes within 24 hours. Plus, cryptos allow for the second-highest amount you can withdraw at one time. Not a bad trade-off if you are looking for speed and high limits.
What Are The Slowest Payout Methods?
Typically, the slowest payout methods are the ones that mail a check to you. This is simply due to the fact that checks have to be mailed directly to you and that takes an entire process to do. Typically, checks are delivered to you within 7 business days. Bank wires are especially slow as well. If you want to withdraw more than $10,000, then using a bank wire might be your best bet, but just realize that it could take up to 15 business days for you to receive your winnings. That is why we recommend speedy methods such as cryptocurrencies to withdraw your winnings.
Does when I withdraw effect the speed of the transaction?
For those withdrawing with Cashier’s Checks or bank wires, then the time of withdrawal can have an effect on the speed you receive your money. Since these operations require business days to complete, the most efficient time to engage a withdraw would be Sunday night or Monday morning. For Bitcoin, there is no difference in speed based on time.
Which Sportsbook Has The Quickest Payouts?
How fast a payout takes usually depends on the method rather than the betting site you use. Most online sportsbooks have a 48 hour window for review withdrawal requests. When you use cryptocurrency you can receive your cash prizes way earlier than most withdrawal methods because of the transaction process. Other methods such as bank wires require a little more time due to the process of sending the funds but this is consistent with many of the top online sportsbooks.